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Webb returning as head of distribution at Hermes

Former Invesco Perpetual chief executive Mike Webb is making a comeback after a two-year break from the industry to join Hermes Pension Management.

Webb, who headed distribution at Invesco after stints with GT and Prolific, returns in a similar role at Hermes.

Hargreaves Lansdown head of research Mark Dampier says: “Mike Webb knows the retail market really well and has huge experience. It will be retail’s loss and institutional’s gain.”

Industry veteran Patrick Cooper is leaving JO Hambro Investment Management to help set up Harrington Cooper while Thames River Capital founder and managing director Jonathan Hughes Morgan is stepping down from his role.

Cooper, who has previously headed Deutsche Asset Management and Axa, will focus on the sale and distribution of specialist funds to the discretionary market in the UK and Europe. Hughes Morgan will continue in a consultancy role at Thames River.

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